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Jan 9, 2010
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i say destimulate washington. as small businesses are busy reinventing the economy, small business owners have a lot of questions. can paperless billing get me paid faster? how can i keep my best employees? how can i bring down my insurance costs? and while at american express open we may not have all the answers, we know who does. other owners. that's why we're helping business owners connect. together, we're building a community for them to talk, share and help each other. a place called openforum.com where owners can swap ideas and ask questions. will tweeting get me more customers? how can i make my business green? and one question seems especially popular. how can i get paid faster? how can i get paid faster? i was about to ask you the same thing. and they're inspiring ideas like acceptpay. a new tool from open that lets owners invoice digitally and helps them get paid faster. ask a question. find an answer. join the conversation at openforum.com. >>> the big question is how to get america working again and w
i say destimulate washington. as small businesses are busy reinventing the economy, small business owners have a lot of questions. can paperless billing get me paid faster? how can i keep my best employees? how can i bring down my insurance costs? and while at american express open we may not have all the answers, we know who does. other owners. that's why we're helping business owners connect. together, we're building a community for them to talk, share and help each other. a place called...
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Jan 27, 2010
01/10
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also keeping one eye on the third panel down in washington at the house oversight hearing. and most sort of amazingly here in next 15 minutes hearing from the federal reserve on interest rates. >> and whether or not -- >> oh, yeah, that. >> well, you know, one of our guests said the other day they'll be careful in the wording because with the cloud hanging over the bernanke reappointment, they have to be careful with the wording so they don't seem as though they're reflecting the politic ice they have to look independent. >> you have a point on the ipad. >> as much as media companies hope it's another platform for our content, let's remember the new pricing scheme from disney. i believe it's key chest in which you used to pay separately for the different things, dvd and now you have to pay one price and covers all and i wonder if the tablet, the ipad will do that. >> i wonder which one of you two will get it first. >> i'll wait because the pricing is 50% cheaper in six months. >> i was burn sod bad with the kindle. >> all right. we'll see you tomorrow. "street signs" we rin
also keeping one eye on the third panel down in washington at the house oversight hearing. and most sort of amazingly here in next 15 minutes hearing from the federal reserve on interest rates. >> and whether or not -- >> oh, yeah, that. >> well, you know, one of our guests said the other day they'll be careful in the wording because with the cloud hanging over the bernanke reappointment, they have to be careful with the wording so they don't seem as though they're reflecting...
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Jan 4, 2010
01/10
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i'm diana olick in washington. u.s. construction spending fell bay larger than expected . 6% in november with private home building leading the way down. the commerce department reports private residential construction saw the biggest decline, 1.6% since june. that after rising 4.8% in october. federal reserve board chairman ben bernanke says he's open to using monetary policy raising interest rates to fend off future housing bubble pps although he says that vigilant mortgage lending regulation should be the first course of action. >>> and government controlled mortgage giants fannie and freddie to create a new agency that would backstop losses on all asset backed securities. the industry funded structure could avoid a future collapse. check back with the realty checkup at 2:50. >>ian a thanks for that. dubai inaugurating the tallest building today. trying to schiff intermichael jacksonal attention away from its deep financial crisis. guy johnson is in dubai on the ground with the latest. >> it was quite a show about ha
i'm diana olick in washington. u.s. construction spending fell bay larger than expected . 6% in november with private home building leading the way down. the commerce department reports private residential construction saw the biggest decline, 1.6% since june. that after rising 4.8% in october. federal reserve board chairman ben bernanke says he's open to using monetary policy raising interest rates to fend off future housing bubble pps although he says that vigilant mortgage lending regulation...
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Jan 21, 2010
01/10
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it's what's coming out of washington. so another day like this, then i think it would be time to buy and then i think we would have seen you know a pretty bad case scenario priced in. >> what about, karen, what's coming out of china in terms of the feeling that there may be a tightening there? and certainly the pullback that we've seen in commodities. materials, for one, are having a terrible day. alcoa, for example and some the other commodities are really getting hammered and we're watching the dollar as well. so you've got washington on one hand weighing on the markets and you've got china on the other. how do you play that right now? >> caller: well, it's a little painful for today. but i think that the china growth story is still intact. i think it's not a bad thing for them to put on the brakes a little bit, so you know for a longer term investor, which we are, i don't think that's a terrible thing. we don't really do a lot today. the extent we get a little bit more of a sell-off, i'll buy some of the names that we
it's what's coming out of washington. so another day like this, then i think it would be time to buy and then i think we would have seen you know a pretty bad case scenario priced in. >> what about, karen, what's coming out of china in terms of the feeling that there may be a tightening there? and certainly the pullback that we've seen in commodities. materials, for one, are having a terrible day. alcoa, for example and some the other commodities are really getting hammered and we're...
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Jan 8, 2010
01/10
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john harwood is in washington there. >>> still to come on the "closing bell" one iconic company that recently emerged from bankruptcy is helping pop special star lady gaga help score her number one hit. >>> welcome back. let's take a look at business headlines that we're covering this afternoon. the jobs report number, one story are of the day. it may have disappointed wall street but positive economic news for investors to digest for the day. economists were forecasting a decline of 0.2%. meanwhile, sales jumped 3.3%. more than triple wall street's expectations. and the largest gain in ten months. >>> according to published reports, apple suppliers have begun shipping touch screen panels and other parts that would be used in the company's highly anticipated tablet pc. that would set the table for a second quarter of product launch. apple is expected to officially announce the production of the tablet later this month. >>> an orange juice future's hitting a fresh two-year high today. subfreezing temperatures in florida are expected to continue this weekend which could further damage
john harwood is in washington there. >>> still to come on the "closing bell" one iconic company that recently emerged from bankruptcy is helping pop special star lady gaga help score her number one hit. >>> welcome back. let's take a look at business headlines that we're covering this afternoon. the jobs report number, one story are of the day. it may have disappointed wall street but positive economic news for investors to digest for the day. economists were...
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Jan 8, 2010
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the tenor of debate in washington is going to be less about getting the deficit down immediately although the president will talk a lot in the state of the union about getting the deficit down over the long term, but in the short term people are going to be saying we need to spend it in order to get jobs back. >> know larry will disagree with me on this, but what made me nervous is the ride in the unemployment rate up to 17.3%. what do you think is the best remedy for anything or will the economy heal itself. if you asked people what you expect the fourth quarter would have looked like and i don't think anyone would guess that we have growth. >> you don't look at a single monthly number, but if you look at everything else, initial claims and layoff announcements and the trend, they show an improving trend. >> terms of up five straight months. >> 150,000 just in the fourth quarter. >> let mae just add, guys, quickly. >> joe lavorgna told me that's the best trend in temps for five months going back to the mid-1970s. steve, i know you want to say something about this. >> yeah. >> the forward
the tenor of debate in washington is going to be less about getting the deficit down immediately although the president will talk a lot in the state of the union about getting the deficit down over the long term, but in the short term people are going to be saying we need to spend it in order to get jobs back. >> know larry will disagree with me on this, but what made me nervous is the ride in the unemployment rate up to 17.3%. what do you think is the best remedy for anything or will the...
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Jan 15, 2010
01/10
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cnbc's diana olick is in washington. she's been following this story for us. diana? >> reporter: well, sue, you remember during the housing boom we talked about people using their homes as atm machines, using home equities loans and now that means that a lot of troubled borrowers actually have two loans on their homes so when they do a short sale, which is when the lender allows you to sell that home for less than the value of the loan, the first holder of the mortgage, the primary mortgage holder will usually negotiate some sort of settlement payoff to the second lien holder. say, maybe 10% of that second debt. now the second lienholder can refuse it legally and let the home go to foreclosurforeclosurn of course they lose everything. now, what we're hearing though from real estate agents though is that some second lienholders are digs satisfied with primary lender's settlement terms and are actually disclose ago or actually requesting cash from the buyer in the short sale or even the real estate agent ìc without disclosing it on the hud forms. now i'm told we're ha
cnbc's diana olick is in washington. she's been following this story for us. diana? >> reporter: well, sue, you remember during the housing boom we talked about people using their homes as atm machines, using home equities loans and now that means that a lot of troubled borrowers actually have two loans on their homes so when they do a short sale, which is when the lender allows you to sell that home for less than the value of the loan, the first holder of the mortgage, the primary...
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Jan 26, 2010
01/10
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what about what washington's going to do? one of the rumors we're starting to see again is there might be restrictions on short selling again. whenever there's uncertainty people naturally gravitate toward pushing a stock. >> apart from the instant uncertains of today, of this week, are your customers excessively risk averse because of what they've gone through over the past couple of years? are they holding back and ultimately will they come back into the marketplace when they say i can't live on 0% returns on the fixed income. >> i think, yes, they will definitely come back. i think we're starting to see people come back. >> originally you come back with a toe in the water, so to speak and you go with a foot and things like that. >> a lot of them lost a leg. >> i agree. so when you come back, they'll come back smarter and they're taking a swimming lesson, so to speak right now. >> they're learning how to right calls. >> that's why your options business is up so big. >> even if the stock doesn't move. they make money on eith
what about what washington's going to do? one of the rumors we're starting to see again is there might be restrictions on short selling again. whenever there's uncertainty people naturally gravitate toward pushing a stock. >> apart from the instant uncertains of today, of this week, are your customers excessively risk averse because of what they've gone through over the past couple of years? are they holding back and ultimately will they come back into the marketplace when they say i...
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Jan 12, 2010
01/10
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>> i can tell you from my experience in washington, the most difficult thing to do in washington, d.c., is to cut expenses. >> right. >> not even during the reagan era did we cut back. we simply held the growth rate. so you look at the president's budget by 2014, they've got defense spending as a percent of gdp down to 3. 5%. we've never done that since world war ii. only during the last few years of president clinton, when we were supposedly banking on this peace dividend, that we took it down below 4%. i'm a suming they're saying the worlds a peaceful place. numbers look good on paper. but the political will to cut expenses in washington is something i haven't seen yet. >> from either party. gentlemen, thank you. hopefully some food for thought for some of our viewers. i wanted to ask viewers, go to usdebt.org. tell us whether you think politicians would cut anything and whether you would vote for someone who would cult your social security. let us know what you think. straight to the trading floor. the market's down 66 points. scott is at the big board, matt at the nasdaq. >> mater
>> i can tell you from my experience in washington, the most difficult thing to do in washington, d.c., is to cut expenses. >> right. >> not even during the reagan era did we cut back. we simply held the growth rate. so you look at the president's budget by 2014, they've got defense spending as a percent of gdp down to 3. 5%. we've never done that since world war ii. only during the last few years of president clinton, when we were supposedly banking on this peace dividend,...
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Jan 13, 2010
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i'm diana olick in washington. mortgage applications rose 14% last week. largely driven by a 22% surge in refis. the purchase index advanced slightly. . %. the four-week moving average down 4.6%. investing for morgan stanley. john clock recently the ceo of capital trust which he cofounded with sam zell. tomorrow realty check out with its foreclosure report, just how bad the numbers will be? check out next tomorrow morning at 11:50. erin? >> thank you very much, diana. >>> now a case that could change, not only football, but the way all professional sports leagues do business heads to the supreme court. darren rovell is there. >> reporter: erin, it started out real simple. american nido. a hat manufacturer that had the rights to market nfl logos was shut out of that business in 2001 when the league granted an exclusive right to the reebok and they sued saying they violated antitrust laws. the thinking 32 separate teams and 32 separate businesses and shouldn't be able to act as one. the point of view expressed by eye lawyer representing american needle in fr
i'm diana olick in washington. mortgage applications rose 14% last week. largely driven by a 22% surge in refis. the purchase index advanced slightly. . %. the four-week moving average down 4.6%. investing for morgan stanley. john clock recently the ceo of capital trust which he cofounded with sam zell. tomorrow realty check out with its foreclosure report, just how bad the numbers will be? check out next tomorrow morning at 11:50. erin? >> thank you very much, diana. >>> now a...
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Jan 23, 2010
01/10
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coming up, not all doom and gloom out of washington. we've got a congressman who understands the scott brown story because this democrat wants to extend the bush tax cuts. now, that is my kind of democrat. and i think coming up, we don't have -- we don't have melissa -- keep it right here with the kudlow report. these are the building blocks of a perfect girls' weekend. it all starts with having more hotels to choose from. that's why i book with expedia. so i can find someplace familiar... or somewhere more distinctive... nice! then i can compare dates to find out when i can save the most cash. done and done. we should do this more often. more choices, more savings. where you book matters. expedia. ♪ dot com this is not pay the hospital insurance. this is not pay the doctor insurance. this is not major medical insurance. this is affordable-we-pay-cash -directly-to-you- fast-when-you're-sick -or-hurt-insurance. if all you know about us is... aflac! ...then you don't know quack. to find out all the ways aflac's got you covered, visit kn
coming up, not all doom and gloom out of washington. we've got a congressman who understands the scott brown story because this democrat wants to extend the bush tax cuts. now, that is my kind of democrat. and i think coming up, we don't have -- we don't have melissa -- keep it right here with the kudlow report. these are the building blocks of a perfect girls' weekend. it all starts with having more hotels to choose from. that's why i book with expedia. so i can find someplace familiar... or...
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Jan 6, 2010
01/10
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on cbs rather than lightweight madoff fool in washington, it's my job to help you find the themes, the broad areas that are going to dominate 2010. even, frankly, if they're not interesting, or even particularly pleasant, even if they're like colonoscopies or getting a root canal. by the way, what's the dam for in the root canal except to torture you? how come you have to drink five gallons of liquid draino before they stick a camera in you? we're talking about international investing or as i like to think about it immunizing the portfolio from the second most powerful person in the country, nancy pelosi and her dictatorship from the parole tearate in washington. i've preached your portfolio needs international diversification. but this year make sure all your money is not tied up in u.s. companies but putting it in foreign stocks against what we perceive as a recognition that other nations have respected private business, revered private business more than we have now in the united states, that other nations have more pro-growth policies than we do, are more natural resource oriented
on cbs rather than lightweight madoff fool in washington, it's my job to help you find the themes, the broad areas that are going to dominate 2010. even, frankly, if they're not interesting, or even particularly pleasant, even if they're like colonoscopies or getting a root canal. by the way, what's the dam for in the root canal except to torture you? how come you have to drink five gallons of liquid draino before they stick a camera in you? we're talking about international investing or as i...
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Jan 14, 2010
01/10
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"the washington post" reports 34 companies not just google victims of cyberattacks. is cyberespionage a cost of being business in china? what can companies do? i'm thinking by more stuff. larry clinton and president and ceo of the inter-nate security alliance and brian cunningham, former white house security guy, now a lawyer at morgan and cunningham. larry, without make a pitch for buying more stuff, i want to ask you, shouldn't google and the other 34 companies had better protection to stop this from happening? >> certainly it's possible that they should have better managed their financial cyberrisk. obviously, they should have been able to anticipate that they were going to be attacked, there have been studies for a number of years, northrop grumman did a study last year on the extent of attacks from china. but you don't have to be doing business in china to be attacked by the chinese. all american companies face similar sorts of problems and managing their cyberrisks bet. >> right. brian sunni cunningham seems li government should be concerned. if the chinese wer
"the washington post" reports 34 companies not just google victims of cyberattacks. is cyberespionage a cost of being business in china? what can companies do? i'm thinking by more stuff. larry clinton and president and ceo of the inter-nate security alliance and brian cunningham, former white house security guy, now a lawyer at morgan and cunningham. larry, without make a pitch for buying more stuff, i want to ask you, shouldn't google and the other 34 companies had better protection...
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Jan 25, 2010
01/10
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. >> so you see the potential legislation or these proposals coming out of washington as not impeding your investment strategy very much if you are overweight financials. >> that is correct. it is strategist entrance points, gave us an opportunity last week and also i think that you want to look at great names, not only within financial, name-by-name, balance sheet by balance sheet. a reem closed course investment driver kind of investment strategy. but things that are exposed to modest but global economic expansion. we're not in a v-shape economy. it is rather broad based. >> guys, i have to leave it there. i know that you were champing at the bit. quick. >> it will drive money into the united states. fuel are rally and strengthen the dollar. >> i got you. okay so tell strengthen the dollar over what sort of time frame? >> it will and the risk spread that people are talking about with the risk of corporate bonds going up, i don't see it in the market. bond prices are not falling. >> okay good last thought. catch you down the road. certainly a market ahead by 72 points. we have about
. >> so you see the potential legislation or these proposals coming out of washington as not impeding your investment strategy very much if you are overweight financials. >> that is correct. it is strategist entrance points, gave us an opportunity last week and also i think that you want to look at great names, not only within financial, name-by-name, balance sheet by balance sheet. a reem closed course investment driver kind of investment strategy. but things that are exposed to...
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Jan 25, 2010
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i'm diana olick live in washington. existing home sales fell 16.7% in december. that is the largest monthly sales drop ever and that is the effect of the government stimulus in the form of the first time home buyer tax credit. dropping off when people thought it would expire. sales up 15% from december of 2008. inventories fell 6.6% to 3.29 million units. that's in real numbers. the supply troes a 7.2-month supply from a 6.5-month supply due to the lower sales rate. median price $178,300. that is up 1.5% from a year ago and that is the first time we've seen a year over year price gain since august of 2007. but remember, first-time home buyers dropped out of the market so the only activity was in stepup buyers and they will be buying more expensive homes therefore shifting the prices up. sales down across the board across the nation. total sales for '09 were up 4.9%. prices for '09 down 12.5% and that is the largest annual price drop ever recorded in history. rick santelli, tell us what the reaction is. >> well, diana, the reaction was rather large. but it was als
i'm diana olick live in washington. existing home sales fell 16.7% in december. that is the largest monthly sales drop ever and that is the effect of the government stimulus in the form of the first time home buyer tax credit. dropping off when people thought it would expire. sales up 15% from december of 2008. inventories fell 6.6% to 3.29 million units. that's in real numbers. the supply troes a 7.2-month supply from a 6.5-month supply due to the lower sales rate. median price $178,300. that...
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Jan 25, 2010
01/10
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so washington, we'll be a split three-way show. carl will be here, i'll be in davos. >> are you kidding me? >> no no. >> meanwhile, on wednesday, apple is expected to unveil a touch screen tablet device that would rival amazon's kindle. joining us with a pru view, michael bransky. what does apple have to do tonight to impress the markets? >> we do expect them to beat the street on the quarter, becky, because they did have a very strong quarter. but they will probably guide below the street, which is typical conservativism for them. and while that's çónormal, in ts kind of market, it may not be good enough to really drive the stock very much higher, given the large run it's had. >> yeah. a big run that it's had. but you're somebody who is looking for an even bigger run. you're got an joust perform rating with a price target of $275 a share. how long is that price target rising? >> well, it's a one-year price target. but it's a big picture. apple has a number of very big drivers ahead of it. iphone is continuing to go.cq golden egg
so washington, we'll be a split three-way show. carl will be here, i'll be in davos. >> are you kidding me? >> no no. >> meanwhile, on wednesday, apple is expected to unveil a touch screen tablet device that would rival amazon's kindle. joining us with a pru view, michael bransky. what does apple have to do tonight to impress the markets? >> we do expect them to beat the street on the quarter, becky, because they did have a very strong quarter. but they will probably...
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Jan 29, 2010
01/10
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part is simply the washington debt. yesterday they raises the national debt by $1.9 trillion just to cover this year. it's gigantic in the deficits are running big. the problem -- adding to the problem is that the level of gdp and economic activity in the country is still diminished. you've got more washington and less private sector. that combination creates debt strains. the state budget deficits are in trouble because of that dichotomy. >> david, you just said the gdp, u.s. gdp is bad. i saw the initial report fourth quarter, 5.7%. that's nothing to sneer at. >> hi, dennis. i said the level of gdp is bad. not the growth rate. so it had a sequential increase from the third quarter to the fourther. we're still barely above a full year ago, meaning it's a lost year in terms of the economy. and that means that any debt payments that are coming due are under pressure. >> secretary, is there any way to break the partisan gridlock in washington and get the two sides actually sincerery to deal with one another? >> well, you
part is simply the washington debt. yesterday they raises the national debt by $1.9 trillion just to cover this year. it's gigantic in the deficits are running big. the problem -- adding to the problem is that the level of gdp and economic activity in the country is still diminished. you've got more washington and less private sector. that combination creates debt strains. the state budget deficits are in trouble because of that dichotomy. >> david, you just said the gdp, u.s. gdp is bad....
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Jan 16, 2010
01/10
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so bank problematic because of washington. tech super duper. i love you, you love me. believe me i think intel will start going up, too, given it's the cheapest i've seen in 15 years and most of the people who said it wasn't any good looked at the stock and said it was down and must not be good. me on the other hand i did the homework. we have other clues of the larger picture of the economy. marching into the spotlight next week. csx. that's terrific. that's coming up. okay? the terrific -- that will have a view on auto, lumber, coal, chemicals, grain, fertilizer. i want you to pay close attention to what the company's ceo michael ward says in the conference call. follow it away until union pacific reports the next day on thursday. see if they both say the same tale. if they say things are good, things are good. these companies know more about the economy than you or i do. let's listen up. away from the banks, keep an eye on coach wednesday. you know coach. they have a lot of coach handbags when you're in new york. so many of them in the street in chinatown. it's incr
so bank problematic because of washington. tech super duper. i love you, you love me. believe me i think intel will start going up, too, given it's the cheapest i've seen in 15 years and most of the people who said it wasn't any good looked at the stock and said it was down and must not be good. me on the other hand i did the homework. we have other clues of the larger picture of the economy. marching into the spotlight next week. csx. that's terrific. that's coming up. okay? the terrific --...
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Jan 7, 2010
01/10
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this will be in trying in washington, d.c. coming up here in just a few weeks. this is where the world is going, so the idea is dell, hp, lenovo, all the major pc manufacturers, including apple, everything is going to this on the go mobility structure, tablets, smaller, better, fast he, cheaper with high capabilities and new microprocessors. that is clearly where the industry is going and that's what we're seeing here at the show. >> obviously, hopefully those 3g networks will be able to support that. because when i watch my friends with the iphones, half the time, they can't get on. >> i wanted to show you this. this is the helmet. this is from tune bug, if you can believe it. this is a device on the back, it vibrates through this music, great for bicyclers or snowboarders. it vibrates the music across your schedule and that's how you hear the music. it's pretty cool and cool looking. >> jim goldman, live from ces, thanks so much for getting up early with us this morning. awfully early in las vegas. >> good to be with you. >> keep up with all the latest develop
this will be in trying in washington, d.c. coming up here in just a few weeks. this is where the world is going, so the idea is dell, hp, lenovo, all the major pc manufacturers, including apple, everything is going to this on the go mobility structure, tablets, smaller, better, fast he, cheaper with high capabilities and new microprocessors. that is clearly where the industry is going and that's what we're seeing here at the show. >> obviously, hopefully those 3g networks will be able to...
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Jan 27, 2010
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because washington controls a huge part of their future. earlier today we caught up with andrew liveris, ceo of dow chemical, and he said he's going to be paying very close attention to what comes from that state of the union address tonight. here's what he says he'd like to hear coming out. >> help us all have certainty, give us a trajectory where we can see employment in the united states as an ongoing, sustainable thing. certainty means get all the vagaries out of the debate. if you can't pass health care, then tell us that. if you can't do climate change, cap and trade, tell us that. engage the business community to help you with certainty. >> reporter: again, getting rid of uncertainty. that's a theme we've heard again and again from ceos. but liveris says he'll be listening for that very intently tonight. he says the number one focus should be on jobs. he pointed out the dow chemicals actually have been hiring scientists and engineers, will be hiring more over the next year. he's looking at somewhere probably 1,000 to 1,500 new jobs t
because washington controls a huge part of their future. earlier today we caught up with andrew liveris, ceo of dow chemical, and he said he's going to be paying very close attention to what comes from that state of the union address tonight. here's what he says he'd like to hear coming out. >> help us all have certainty, give us a trajectory where we can see employment in the united states as an ongoing, sustainable thing. certainty means get all the vagaries out of the debate. if you...
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Jan 29, 2010
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this was like the super bowl of washington. we get to do it again next week, too. but i think that the most important is the toned down rhetoric of president obama in his state of union speech. we know after the massachusetts election, he turned much more to the left in terms of populism. the speech last week in ohio was very negative towards financial service industry and we're now at a point where we can have a conversation. are the banks going to be regulated? yes. but it's at least at a much more rational tone where we can move forward and i think that is important. >> did i hear you correctly? you say the state of the union was a toned down speech in terms of rhetoric. the focus on jobs, even though there are republican members of the president lecturing us. >> that's absolutely right. there's going to be a difference. the president thinks he can put proposals in his package and then the republicans are going to adopt it. so they're always going to have that fight. but at the same time, we're not -- the concern amongst investors right now is we could wake up t
this was like the super bowl of washington. we get to do it again next week, too. but i think that the most important is the toned down rhetoric of president obama in his state of union speech. we know after the massachusetts election, he turned much more to the left in terms of populism. the speech last week in ohio was very negative towards financial service industry and we're now at a point where we can have a conversation. are the banks going to be regulated? yes. but it's at least at a...
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Jan 15, 2010
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and in washington, house members are trying to make donations to the relief effort tax deductible. here's just some of the latest efforts as rescuers continue to work around the clock in the areas hardest hit by that earthquake. it is a tragedy made worse by ç haiti's economic situation. the country is the western hemisphere's poorest. 80% live under the poverty line. so what are the prospects for an economic recovery there? we get more from our cnbc contributor, greg is the chief political strategist with patomic research group. tony fratto is the managing director at hamilton place strategies, a former white house deputy press secretary. gentlemen, it's good to see you. >> you bet. >> tony, i will start with you. >> sure. >> because you've been to haiti a number of times and one of the times is when you were working in a government capacity there. >> yeah. >> from what you've seen, obviously this is a trajdefer enormous proportions but as the aid comes in, is there, perhaps, an opportunity for the nation to restructure in a viable way economically? >> i think in is, sue. it is
and in washington, house members are trying to make donations to the relief effort tax deductible. here's just some of the latest efforts as rescuers continue to work around the clock in the areas hardest hit by that earthquake. it is a tragedy made worse by ç haiti's economic situation. the country is the western hemisphere's poorest. 80% live under the poverty line. so what are the prospects for an economic recovery there? we get more from our cnbc contributor, greg is the chief political...
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Jan 25, 2010
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washington is not calm pap washington is panicked. the white house orchestrated a full-court press, rahm emanuel tell me tim geithner isn't going in anywhere and bill up support for ben bernanke, orchestrating statement business senators in both parties including chris dodd, the senate banking chairman, and the veteran republican, judd gregg. judd gregg on our air talking about ben bernanke and tim geithner. >> yes, we've been through a serious recession. but you're talking about something that could have been on a depression type of level. and it didn't happen. why didn't it happen? it didn't happen because the chairman of the fed, along with the treasury secretaries, both paulson and geithner stepped in and did original things. sure, they pushed the envelope. but if they hadn't pushed the environment, a disaster would have occurred would have been cataclysmic. >> reporter: even if ben bernanke is confirmed, as i strongly believe he will, the white house is not giving up the populist push for various measures, including going after t
washington is not calm pap washington is panicked. the white house orchestrated a full-court press, rahm emanuel tell me tim geithner isn't going in anywhere and bill up support for ben bernanke, orchestrating statement business senators in both parties including chris dodd, the senate banking chairman, and the veteran republican, judd gregg. judd gregg on our air talking about ben bernanke and tim geithner. >> yes, we've been through a serious recession. but you're talking about...
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Jan 19, 2010
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. >> i'm in washington. housing starts jumped in november, but will they be able to survive the winter freeze? find out tomorrow morning at 8:30. >> also tomorrow a slew of big banks set to report quarterly results. mary thompson is in earnings central with a preview. everyone will be watching closely. we got citi out of the way. >> the three banks being bank of america, morgan stanley and wells fargo, all before the opening bell tomorrow. for bank of america and wells fargo the focus and the problem continues to be the consumer. here's analyst dick bove. >> the problem the banks are finding at the moment is that their consumer business is just not turning around. >> what do we expect? bank of america's fourth quarter loss is forecast to widen to 52 cents a share from 48 cents a share due to charges from the repayment of t.a.r.p. its investment bank expected to of benefit from strong equity underwriting fees. on the credit front bern stein sees nonperforming assets rising at a slower pace. like bank of ameri
. >> i'm in washington. housing starts jumped in november, but will they be able to survive the winter freeze? find out tomorrow morning at 8:30. >> also tomorrow a slew of big banks set to report quarterly results. mary thompson is in earnings central with a preview. everyone will be watching closely. we got citi out of the way. >> the three banks being bank of america, morgan stanley and wells fargo, all before the opening bell tomorrow. for bank of america and wells fargo...
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we've got the right sorts of people talking about who have the stroke in washington to get it done. >> i'm a believer, but i'm hedged with use because i've got great international properties. thank you so much for coming on the show. >> thank you, jim. >> the track record's unbelievable. everything from the secondary bid to the long-term performance, to the international model. look, i'm a guy who loves models. this guy's got the best model in the business. he's fun and great international prospecting with terrific, just very steady natural gas properties. apc, i'm standing behind it once again, i am proud to known jim hackett and what he's done for you. stay with cramer. >>> coming up, jim goes fast and furious as he faces a non-stop barrage of calls. giving stock after stock their final verdict on the lightning round. plus -- bye-bye dirty diesel? one company is creating cleaner engines for trucks. could this put green in your portfolio? cramer's going head to head with west port innovation ceo to find out. all coming up on "mad money." >>> it is time -- it is time for the first lig
we've got the right sorts of people talking about who have the stroke in washington to get it done. >> i'm a believer, but i'm hedged with use because i've got great international properties. thank you so much for coming on the show. >> thank you, jim. >> the track record's unbelievable. everything from the secondary bid to the long-term performance, to the international model. look, i'm a guy who loves models. this guy's got the best model in the business. he's fun and great...
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Jan 28, 2010
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we are showing you a live picture of the debate that's happening in washington. right now we're keeping a tal leave the votes. last we saw 51 yes, 23 nos. that's according to reuters who is keeping tabs and we've got steve liesman coming up as well. >> meanwhile, maria bartiromo is in davos, switzerland, for the world economic forum. she'll be talking to some of the most influential economic minds in the world including blackstone chairman and ceo, steve schwarzman but first let's take a look at where the major indices are trading and it has been another poor day today. apart from yesterday, of course typically in this last hour, we have seen selling come in right in this final 60 minutes of trade. for the most the dow jones industrial average is down. at the nasdaq we've there a bad day for technology today on qualcomm, on motorola, disappointment on apple and i just want to talk about the levels on the s&p. importantly today we broke obvious support at 1085. we based that -- that was the base that we had, established over six weeks at the end of last year. we g
we are showing you a live picture of the debate that's happening in washington. right now we're keeping a tal leave the votes. last we saw 51 yes, 23 nos. that's according to reuters who is keeping tabs and we've got steve liesman coming up as well. >> meanwhile, maria bartiromo is in davos, switzerland, for the world economic forum. she'll be talking to some of the most influential economic minds in the world including blackstone chairman and ceo, steve schwarzman but first let's take a...
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Jan 11, 2010
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testimonial to the company's website buxt i have to worry if it's played out by more assistance from washington. i don't know if it's enough to simply focus on the company electronic records or if the net has to be larger when it comes to health care information technology and its ability to benefit from the stimulus. and from watered-down health care reform, even if we just get latter. that's why i'm happy to have glen tollman, the ceo of mdrx on the show tonight, to help us figure things out. mr. coleman, welcome back to "mad money." >> thank you very much. happy to be with you. >> you're in a difficult situation, sir, if i might say, because you on your conference call indicate the 2010, not fiscal but actual calendar year, is when the big numbers occur. but you were being judged by aquart aquaa quarter where the stimulus didn't really kick in. can you describe why the best may still ab head in terms of what the federal government is doing? >> sure. we think this is the year of the electronic health record. sales were up actually 30% year over year. 16% quarter over quarter. we think the sti
testimonial to the company's website buxt i have to worry if it's played out by more assistance from washington. i don't know if it's enough to simply focus on the company electronic records or if the net has to be larger when it comes to health care information technology and its ability to benefit from the stimulus. and from watered-down health care reform, even if we just get latter. that's why i'm happy to have glen tollman, the ceo of mdrx on the show tonight, to help us figure things out....
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Jan 12, 2010
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what we are hearing out of washington, would you invest in financials? >> yes. i differ a little bit. i think the second year of a bull market is likely to continue to emphasize the cyclicals. it is going to be a good year, but not a great year. the second year is less than the first year. we worry starting in the third year not necessarily the second year. >> we'll leave it there. great to have you on the program. sam stovall and walter todd. see you soon. >> we have about 45 minutes to go on wall street. dow jones industrial average has been under pressure for much of the day. it is down about 54 points. technology is a weak spot, the nasdaq is lower as is the s&p 500. >> when we come back, we take a ride to the j.p. morgan health care conference. glaxo smith kline ceo joins us, how his company is dealing with the cancellation of swine flu vaccine orders. >>> what should investors expect this earnings season following the disappointing results from alcoa? we will tell you which sectors could be the winners and losers in the earnings parade. >> a rare interview
what we are hearing out of washington, would you invest in financials? >> yes. i differ a little bit. i think the second year of a bull market is likely to continue to emphasize the cyclicals. it is going to be a good year, but not a great year. the second year is less than the first year. we worry starting in the third year not necessarily the second year. >> we'll leave it there. great to have you on the program. sam stovall and walter todd. see you soon. >> we have about 45...
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Jan 14, 2010
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michael, is washington helping or hurting? >> well, of course they're making the situation much, much worse and they actually caused the problem to begin with. they have the foolish belief that they can pick the right interest rate. see, interest rates should be a function of the supply of savings versus the demand for money. if you have one person or 12 people on the fomc deciding that interest rates should be 1% or zero they distort the cost of money and they cause the demand for money to rise. they cause the amount of money in circulation to skyrocket. and then you get this rolling bubble economy. that has to stop. that's where we have to start. one more thing quickly. you see, we have now inculcated firmly this bailout mentality in the country and that also has to stop. >> greg, what do you think? >> i think ben bernanke has been a model of transparency compared to alan greenspan. the fed is letting us know what they're going to do. mark, i think the real confusion is on taxes. in alt years i've done this in washington i'v
michael, is washington helping or hurting? >> well, of course they're making the situation much, much worse and they actually caused the problem to begin with. they have the foolish belief that they can pick the right interest rate. see, interest rates should be a function of the supply of savings versus the demand for money. if you have one person or 12 people on the fomc deciding that interest rates should be 1% or zero they distort the cost of money and they cause the demand for money...
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Jan 28, 2010
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steve liesman, as promised, is in washington with the latest. steve, how's the count going? >> language on. i'm going to turn off kyle. he was just talking. he'sen declares senate republican. >> what did he say? >> debated at this however over the fill buster to stop the nomination of ben bernanke. kyle was talking negatively of bernanke. senator schedule stod vote at 3:20. if they end the filibuster they go to vote on nomination. all indications are bernanke has enough votes to went both but will win with influential opponents. >> even after bear stearns failed chairman bernanke did little to prepare for additional failures. in other words, bernanke fiddled while our markets burned. >> shelby is in the minority for how the senate's likely to vote. but he's in the majority within his party. developing story. talked about with kyle. bernanke could win a second term without the support of the party whose president, president bush, first nominated him. 42% of republican senators support the chairman. 11-15. bernanke could get as many as 70 votes and the senate sentiment reflect
steve liesman, as promised, is in washington with the latest. steve, how's the count going? >> language on. i'm going to turn off kyle. he was just talking. he'sen declares senate republican. >> what did he say? >> debated at this however over the fill buster to stop the nomination of ben bernanke. kyle was talking negatively of bernanke. senator schedule stod vote at 3:20. if they end the filibuster they go to vote on nomination. all indications are bernanke has enough votes...
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and i would suggest that a lot did not. >> should heads roll in washington, as a result of what went on? >> i think that the regulators who failed in their responsibility, absolutely should. >> all right, leave it there. hank, great to have out room. >> great to be with you. >> thank you so much for joining us and walking us through this, hank greenberg. >>> up next david faber along with breaking news on one of the big m&a stories of the past year. trading is all about strategy. and strategy... is all about information. heat mapping shows me where the money's moving. twenty five hundred stocks... one quick look. that's where the action is. plus, this amazing gadget... it's called the telephone. i can call td ameritrade anytime and talk trades, strategy... anything. td ameritrade. built by traders, for traders. this is what i need. announcer: trade commission free for 30 days, plus get 100 dollars cash, when you open an account. this is not pay the hospital insurance. this is not pay the doctor insurance. this is not major medical insurance. this is affordable-we-pay-cash -directly-t
and i would suggest that a lot did not. >> should heads roll in washington, as a result of what went on? >> i think that the regulators who failed in their responsibility, absolutely should. >> all right, leave it there. hank, great to have out room. >> great to be with you. >> thank you so much for joining us and walking us through this, hank greenberg. >>> up next david faber along with breaking news on one of the big m&a stories of the past year....
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Jan 7, 2010
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did the federal reserve in washington know that? why not? i think we have only did i think because of the attitudes of the economic adviser ares under obama, which include tim geithner, we have only really to this point, you may not fully agree with this, we have only begun to touch the surface of this. we don't really understand the crisis. >> if that is the case if indeed more need to be discovered, and if the treasury secretary's effectiveness in office is compromised who else could fill those shoes at this point? >> first, it's too early to talk about replacements for tim geithner. >> there are people who are doing that. >> if we go down that road it's a legitimate question. he not clear, to me anyway, there's anybody that barack obama could pick that would able to be effective right away without some lengthy srt transsort of transition period getting up to speed. what the flame of the moment is. this does have a cumulative effect whether -- whatever the details are that over the time the more these stories come out it does wear on someb
did the federal reserve in washington know that? why not? i think we have only did i think because of the attitudes of the economic adviser ares under obama, which include tim geithner, we have only really to this point, you may not fully agree with this, we have only begun to touch the surface of this. we don't really understand the crisis. >> if that is the case if indeed more need to be discovered, and if the treasury secretary's effectiveness in office is compromised who else could...
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Jan 22, 2010
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is there anyone brewing coffee in washington for you? >> joe, here is what the public knows about health care. what the public knows about health care is we've got a big deficit, 10% unemployment, they're talking about this health care plan and they've heard some stuff on television that maybe their taxes are going to go up and maybe they can't pick their own doctor and maybe their quality of care is going to erode. as to what is actually in the bill, nobody has a clue. >> no one wants that much government involvement in that sector, john. >> hold on. listen to me. do americans want health care costs to be controlled? >> well, that is not in the bill, anyway. we don't know what will control health care costs. you and i have talked about this before. but the ideas that people who understand health policy think might work are, in fact, in this bill, okay? secondly, do americans want people who don't have insurance to have it? >> it's minimum funding. >> yes, they do. >> yes, they do, but they don't want to pay for it. >> guys, we're talkin
is there anyone brewing coffee in washington for you? >> joe, here is what the public knows about health care. what the public knows about health care is we've got a big deficit, 10% unemployment, they're talking about this health care plan and they've heard some stuff on television that maybe their taxes are going to go up and maybe they can't pick their own doctor and maybe their quality of care is going to erode. as to what is actually in the bill, nobody has a clue. >> no one...
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Jan 22, 2010
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washington strikes and wall street reacts. stocks fall sharply on wall street as president obama proposing touch new restrictions on banks. hk donald's and travelers, the only two dow member ending the session higher. the s&p loses almost 2%, the nasdaq down more than 1%. this one's being blamed directly on the white house. john picks up the story from there. >> well, the drama was building all day. then president obama spoke breaking the tension. he came out of the white house and said that he was going to announce new restrictions on the size of large financial institutions and if wall street wants to fight about it, they can bring it on. >> what we've seen so far in recent weeks is an army of
washington strikes and wall street reacts. stocks fall sharply on wall street as president obama proposing touch new restrictions on banks. hk donald's and travelers, the only two dow member ending the session higher. the s&p loses almost 2%, the nasdaq down more than 1%. this one's being blamed directly on the white house. john picks up the story from there. >> well, the drama was building all day. then president obama spoke breaking the tension. he came out of the white house and...
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. >>> the biggest vote for health care reform may not ultimately originate in washington but massachusetts. with voters heading to the polls to select a new senator, a win by the republican candidate could throw a wrench into the filibuster proof majority that senator democrats currently hold and the process is creating some big moves in health care stocks today. to break down the key elements with me now, andrew pamenti, les funtlater and nbc news chief white house correspondent chuck todd. chuck, let me kick off with you. as we watch the voting come through it is all about turnout. >> it always is. the question is not how many people turn out, who does turn out. how big is the turnout among independents in massachusetts this is a swing vote of sorts, a republican cannot win in massachusetts with the support of republicans. while the energy in the republican base is very high, they need independent voters who went for obama 55-41 in the presidential in 2008 and so far polls have indicated the republican candidate in this race scott brown has been winning independents by a three to one mar
. >>> the biggest vote for health care reform may not ultimately originate in washington but massachusetts. with voters heading to the polls to select a new senator, a win by the republican candidate could throw a wrench into the filibuster proof majority that senator democrats currently hold and the process is creating some big moves in health care stocks today. to break down the key elements with me now, andrew pamenti, les funtlater and nbc news chief white house correspondent chuck...
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nothing coming out of washington like that. in china it's production-oriented stimulus -- majority is production-oriented stimulus. they need consumption-oriented stimulus. >> howard, it sounds like f you're going to believe rich, we need jobs. will we have the recovery -- the recovery will include some hiring? >> no question about that. it's probably going to come sooner than expected given the upturn in recent data. we will see an improvement in the unemployment rate. i would expect that to happen during the first quarter of this year. having said that, if there is a weak link in this recovery right now, it's potentially in the housing area. housing is facing, i think, a period of rising interest rates. at so point this year the fed is likely to tighten. at the same time, until we get that improvement in the unemployment rate, housing is a question mark. it's it's going to be okay but i do think the data there is weaker than i'd like it to be. that's potentially a sore spot. for that reason, i'd be shying away from some of th
nothing coming out of washington like that. in china it's production-oriented stimulus -- majority is production-oriented stimulus. they need consumption-oriented stimulus. >> howard, it sounds like f you're going to believe rich, we need jobs. will we have the recovery -- the recovery will include some hiring? >> no question about that. it's probably going to come sooner than expected given the upturn in recent data. we will see an improvement in the unemployment rate. i would...
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thank you, from wall street to washington, it's been a huge week around the nation. up neck, we'll look back at the eventful week and tell you what it means for the markets and the economy down the road. stay with us. ( inspiring music playing ) someday, the driver will get to choose how efficient or powerful their car will be. the first ever hs hybrid. only from lexus. the most fuel-efficient of all luxury vehicles. >>> welcome back. the markets end the week with a rocky three days. it's turned january into a loser from a winner when the month began, certainly, the week -- at the beginning of the week the markets were higher and we hit 15-month highs just a week ago. questions surround around the fed chair, as new restrictive proposals are considered. we look now at the week that wa. let's me kick this off with you, you have more news right now impacting the markets coming out of the uk. >> that is exactly right. late in the day, traders tell us that money was going into treasuries, specifically the short end of the market after the uk raised its terror threat level
thank you, from wall street to washington, it's been a huge week around the nation. up neck, we'll look back at the eventful week and tell you what it means for the markets and the economy down the road. stay with us. ( inspiring music playing ) someday, the driver will get to choose how efficient or powerful their car will be. the first ever hs hybrid. only from lexus. the most fuel-efficient of all luxury vehicles. >>> welcome back. the markets end the week with a rocky three days....
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thank you very much. >>> the washington wizards used to be called the washington bullets which is ironic given that one of the team's biggest stars could face gun charges. this was a big story down there this weekend. cnbc's sports business reporter darren rovell is here with that story. >> reporter: this is a big story, erin. there have been many versions over the past couple days but the clearest seems to be this. washington wizards guard gilbert arenas and team mate crittenden reportedly got into a fight over gambling debt. crittenden jokingly threatened to shoot arenas and arenas followed up by putting three guns on his locker room chair saying, pick one. the guns it is reported are not loaded. there are still unclear elements such as what state were arenas' guns registered in? if not registered in d.c. where he was he could face charges and also the wrath of david stern since nba rules prohibit guns in league facilities. while arenas hasn't been talking he sure has been as we talked about on "squawk on the street" today tweeting, writing late last night why would i owe somebody mone
thank you very much. >>> the washington wizards used to be called the washington bullets which is ironic given that one of the team's biggest stars could face gun charges. this was a big story down there this weekend. cnbc's sports business reporter darren rovell is here with that story. >> reporter: this is a big story, erin. there have been many versions over the past couple days but the clearest seems to be this. washington wizards guard gilbert arenas and team mate crittenden...
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Jan 28, 2010
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live from washington. >> good evening, everybody. i'm larry kudlow. welcome to a special edition of the kudlow report. we're live in washington where there are cameras and media surrounding us everywhere to our left and our right. let us begin with tonight's money politics message. obviously this is the lead story, president obama's state of the union. the key issue for all americans right now is jobs and the economy. obamacare, a loseer, cap and trade, a loser, union favoritism, a loseer. let me request right off the top, will president obama give us a true, tax-cutting government message which will be pro-growth, or is he going to go back to engaging in more bank bashing and clash warfare which is a loser and helped him lose in three states. cut tax rates across the board permanently. continue your spending freeze, which was a great idea, but put real limits on it for the long term. be tough on terrorism, which is also an anti-economic terrorist message. but them in terror courts where they belong. that move away from his big government left liberal
live from washington. >> good evening, everybody. i'm larry kudlow. welcome to a special edition of the kudlow report. we're live in washington where there are cameras and media surrounding us everywhere to our left and our right. let us begin with tonight's money politics message. obviously this is the lead story, president obama's state of the union. the key issue for all americans right now is jobs and the economy. obamacare, a loseer, cap and trade, a loser, union favoritism, a...
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Jan 22, 2010
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what is your take on the proposals coming out of washington? >> it makes no sense. it really doesn't accomplish a whole lot. if you really think about the lines of business that they're addressing, they really didn't have anything to do do with this financial crisis. they're going after prop trading. what did that have do with the meltdown? nothing. what did the financial hedge funds do with the meltdown, nothing. it doesn't make a whole lot of sense to stop them from engaging in these businesses. and also, why penalize the banks to pay for the losses that the car companies have created? >> well, you know, i don't think that people would say that the car companies created the overall, you know, upset when we were on the brink there when lehman brothers went bankrupt. but certainly, the automakers were a part of the financial upset. there's no doubt about it. and they, in some cases, drove their companies into the ground. >> well, if you look at the t.a.r.p. money, paulson didn't want to give money to the auto companies because he knew that people about political foo
what is your take on the proposals coming out of washington? >> it makes no sense. it really doesn't accomplish a whole lot. if you really think about the lines of business that they're addressing, they really didn't have anything to do do with this financial crisis. they're going after prop trading. what did that have do with the meltdown? nothing. what did the financial hedge funds do with the meltdown, nothing. it doesn't make a whole lot of sense to stop them from engaging in these...
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you're not in washington. another day of questions about what caused the financial crisis on the congressional commission will be putting fdic chair shei sheila bair, and they faced a barrage of questions about their role in the crisis, also compensation, bonus programs, the post-t.a.r.p. world. faber was down there yesterday. i thought you might still be down there. when i said it five minutes ago, you were not down there. you were here. you don't have a star trek thing that -- >> no, not yet. >> we don't have that yet. >> i came back. one day of those hearings is -- >> plenty perform. >> i'll watch with some interest today. sheila bair is always interesting to listen to, mary schapiro. yesterday was the headline and it's amazing how the room empties out for panel two. you feel bad for these guys. >> really? you are a solid back or -- >> no, i took the shuttle. >> to laguardia. >> anything else you'd like to know about my travel? >> yeah. where were you standing? >> i took the car home. >> where were you stan
you're not in washington. another day of questions about what caused the financial crisis on the congressional commission will be putting fdic chair shei sheila bair, and they faced a barrage of questions about their role in the crisis, also compensation, bonus programs, the post-t.a.r.p. world. faber was down there yesterday. i thought you might still be down there. when i said it five minutes ago, you were not down there. you were here. you don't have a star trek thing that -- >> no,...
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Jan 14, 2010
01/10
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i think that people are taking a wait-and-see approach, waiting on washington to dictate what the policies are going to look at. >> i see. still seeing buying power in technology. >> and materials. >> what you are seeing in the financial services. >> only seen is the sell side. so our customers are getting out, lighting up positions but it's not significant. i mean they're not big players in them anyways so it's hard to gauge what my guys are doing as opposed to what steve's customers are doing but as far as tech stocks definitely seeing money going into it. >> catalyst, steve, later in the year 2010, what are the main catalysts that investors need to focus on in terms of putting money to work. >> where i get bullish, middle of the year, unless the bush tax cuts are extended i think that we're looking at higher taxes in 2011. the market's always ahead. >> yeah, looking at higher taxes we know. >> well we are but a rumor that those tax cuts are extended, so if they aren't extended, we're looking at june/july on a pullback, foreseeing higher taxes, higher corporate taxes, higher payroll taxe
i think that people are taking a wait-and-see approach, waiting on washington to dictate what the policies are going to look at. >> i see. still seeing buying power in technology. >> and materials. >> what you are seeing in the financial services. >> only seen is the sell side. so our customers are getting out, lighting up positions but it's not significant. i mean they're not big players in them anyways so it's hard to gauge what my guys are doing as opposed to what...
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Jan 27, 2010
01/10
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with "the kudlow report" and special presentation from washington talking about the hurdles that the president is facing right now as he tries to tamp down i would have to say what is a spreading brush fire of discontent in the country. >> yes. >> a brush fire that you saw on capitol hill today. >> oh, yes tie anger of the questions posed by so many of those creme. >> in particular, because that hearing was billed as why was the new york fed so secretive about paying goldman sachs 100 cents on the hour. what the hearing turned out was why did you pay them 100 cents on the dollar and still angry about this. >> it is interesting because mr. geithner was very fis. >>ty he was defending the role and basically said that the actions they took were better than alternatives. the best of a bad lot of options. a sort of paradox that i guess he felt he faced and he defended the idea that they had to pay 100 cent tons dollar because not doing so would have been tantamount to a bankruptcy and unraveled the entire financial system. let's bring in steve leesman for his reactions not only to secreta
with "the kudlow report" and special presentation from washington talking about the hurdles that the president is facing right now as he tries to tamp down i would have to say what is a spreading brush fire of discontent in the country. >> yes. >> a brush fire that you saw on capitol hill today. >> oh, yes tie anger of the questions posed by so many of those creme. >> in particular, because that hearing was billed as why was the new york fed so secretive about...
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Jan 22, 2010
01/10
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we like wellpoint, the least affected by washington. and it's already up 35% since we recommended it october 29th at 47.50, i think you can trade the 90 before it gets too expensive. we also like cov, the diagnostic and preventive medicine medical device play, just reported a stellar quarter on thursday. up 20% since we recommended it october 27th. these didn't shoot up in anticipation of the watering down or death of health care reform, they had other positives and that's why they can still be owned. the declining tide of obama care has lifted all of the health care stocks to levels we no longer feel comfortable recommending. ring the register on u & h, humana and rehab care. but if you want to stick with a group, you can own bristol-myers, and wellpoint as they look like they have room to run. let's go to alex in arkansas, please. alex? >> caller: hey, jim, i want to give you a big pig boo-yah. i want to know your thoughts on cyta and how obama's policy might affect it. can you help me out with that? >> i think that's a speck play. ut
we like wellpoint, the least affected by washington. and it's already up 35% since we recommended it october 29th at 47.50, i think you can trade the 90 before it gets too expensive. we also like cov, the diagnostic and preventive medicine medical device play, just reported a stellar quarter on thursday. up 20% since we recommended it october 27th. these didn't shoot up in anticipation of the watering down or death of health care reform, they had other positives and that's why they can still be...
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Jan 26, 2010
01/10
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one of the things that's hard in washington is to communicate what you're doing. so you talk about health care, people here like a dollar figure and they hear a lot of people are going to get insured. you use the word freeze in the budgets, that -- if you can make it stick, that tells people, oh, wait a minute, they're disciplined, they're stopping. >> but you don't think, john, that obama has any chance of really turning around the perception that's out there in the public of a big spending democrat? >> well, you've got to try and that's exactly what -- >> yeah, but overall in terms of the actual back xwa? i will say one thing, the republicans have been successful in hanging $700 billion bank bailout on obama, even though it wasn't his bailout. >> i think what's more interesting is who is going to win between rahm, the centrists and -- how do you see it, plufe? you're mispronouncing that on purpose, aren't you? >> yeah, absolutely. we have to know, is he going to move this way, this way or that way? >> i think you'll hear strings of both guys. the budget freeze i
one of the things that's hard in washington is to communicate what you're doing. so you talk about health care, people here like a dollar figure and they hear a lot of people are going to get insured. you use the word freeze in the budgets, that -- if you can make it stick, that tells people, oh, wait a minute, they're disciplined, they're stopping. >> but you don't think, john, that obama has any chance of really turning around the perception that's out there in the public of a big...
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Jan 27, 2010
01/10
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let's go to washington. >> good morning. on september the 16th, 2008, the wall street giant aig faced immediate bankruptcy. aig was saved from collapse when the american people came to the rescue with an $85 billion bailout. less than two months later the american taxpayer was again forced to pay the bill when the federal reserve directed to hand out billions to aig counterparties that included the biggest names on wall street. in effect the taxpayers were propping up the hollow shells of aig by stuffing it with money. and the rest of wall street came by and looted the corpse. the circumstances surrounding the payments to the counterparties has created an air of suspicion and distrust among the american people, starting with the new york fed's initial refusal to name the counterparties. the new york fed argued that disclosing these counterparties would somehow injure aig. in fact, when the information was finally released under pressure from congress, nothing happened. it had absolutely no effect on aig's business or financi
let's go to washington. >> good morning. on september the 16th, 2008, the wall street giant aig faced immediate bankruptcy. aig was saved from collapse when the american people came to the rescue with an $85 billion bailout. less than two months later the american taxpayer was again forced to pay the bill when the federal reserve directed to hand out billions to aig counterparties that included the biggest names on wall street. in effect the taxpayers were propping up the hollow shells of...
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Jan 6, 2010
01/10
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this time next year, there might be some differences in washington. chris dodd plans to announce today that he will not seek re-election this fall. dodd chairs the senate banking committee and is trailing potential republican challengers in the poll. possible replacements or contenders include connecticut attorney general richard bloomenthal. byron dorgan says he will not seek a new term, leaving democrats to seek to replace four seats. >>> there are a couple big snowstorms, and despite that u.s. retailers managed to have a good christmas. december sales were up year over year in nearly every major category. stores didn't discount as deeply as they did in 2008. that helped to preserve profit margins. shoppers largely pasd on clothing, except for me. >> bertha, partial now is the best time to reform china's yuan policy. according to a government think tank, beijing should consider a 1% appreciation in the u.s. currency against the u.s. dollar. following that, it recommends that the yuan should be allowed to rise or follow along with those currencies. >
this time next year, there might be some differences in washington. chris dodd plans to announce today that he will not seek re-election this fall. dodd chairs the senate banking committee and is trailing potential republican challengers in the poll. possible replacements or contenders include connecticut attorney general richard bloomenthal. byron dorgan says he will not seek a new term, leaving democrats to seek to replace four seats. >>> there are a couple big snowstorms, and...
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Jan 21, 2010
01/10
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so we've been taking our lead from washington. since they started talking about the bank tax and everything else on the firms on the bigger banks the market has been skittish. there's no need to rush back into the marketplace. i don't take it lightly. i've been a bull from 900, 910 in the s&p all the way up to these levels. i did think we were going to get to 1200. near term i have to turn bearish. i don't take it lightly but the market speaks for itself in everything that we've seen coming out of washington. the market doesn't like it. >> we've seen strength in the regional banks. how are you planning moves in the financials? >> the reege in banks stand to gain the most and feel as if this levels the playing field. i believe that it's a lose/lose situation for all of the banks, for all of the financials. they might have a knee-jerk reaction and rally in the face of it, but i think the regulation that we're going down -- i'm not one of the guys that believe we shouldn't have any regulation but we're pulling the wrong type of regul
so we've been taking our lead from washington. since they started talking about the bank tax and everything else on the firms on the bigger banks the market has been skittish. there's no need to rush back into the marketplace. i don't take it lightly. i've been a bull from 900, 910 in the s&p all the way up to these levels. i did think we were going to get to 1200. near term i have to turn bearish. i don't take it lightly but the market speaks for itself in everything that we've seen coming...